Global Unexpanded Perlite Market - 2022-2029

Global Unexpanded Perlite Market - 2022-2029

Market Overview

The global unexpanded perlite market valued USD xx million in 2021 and is forecast to reach USD xx million by 2029, growing at a CAGR of xx% during the forecast period (2022-2029).

Perlite is a naturally occurring mineral. In nature, it exists as a type of volcanic glass created when the volcanic obsidian glass gets saturated with water over a long time. It is an inorganic siliceous ore with a distinguishing feature of expansibility of approximately 10 times when heated at high temperatures. Unexpanded perlite, commonly known as crude perlite has wide-ranging applications including sandblasting, casting of sand & mixtures, agriculture and slag coagulation. The rising agricultural activities has propelled demand for agricultural grade perlite due to its excellent aeration and hydration properties. This is likely to have positive impact on the unexpanded perlite market during the forecast period.

Market Dynamics:

Increasing development in the construction industry is expected to fuel unexpanded perlite demand

Rapidly increasing population and the need for good infrastructure, especially in developing countries, drive the global unexpanded perlite market. Implementation of stringent building safety standards such as soundproofing and fireproofing is expected to further fuel the growth of the unexpanded perlite market. In addition, unexpanded perlite is significant in fire resistance, noise reduction transmission, vermin, and termites. It is also an ideal factor for insulation against lower temperatures. When unexpanded perlite is used as an aggregate in concrete, a lightweight, fire-resistant, insulating concrete is produced that is ideal for roof decks and other applications. Unexpanded perlite is also used as an aggregate in portland cement and gypsum plasters for exterior applications and fire protection of beams and columns. Other construction applications include lightweight curtain or partition walls, noise reduction, under-floor insulation, chimney lining, paint texturing, ceiling tiles, and roof insulation boards. Pelican is expanded perlite-based concrete due to two to six percent combined water in the crude perlite rock. In India, major demand for good quality expanded perlite has shown an upward trend.

Market Segmentation:

Agriculture segment held highest market revenue share of xx% in the year 2021

Based on the application, agriculture held the largest share as of 2021. Unexpanded perlite products find extensive applications across the agriculture sector, one of the most important components used for soil. It is also used as a component included in an ingredient of fertilizers for soil as it provides aeration and balanced moisture for desired plant growth. The unexpanded perlite product makes soil ventilated and improves drainage with 60% ventilation and 90% porosity. It has a neutral Ph value and is lightweight, weed-free, and sterile, making it a desirable choice for growing plants in containers. In addition, owing to its low electrical conductivity, it protects plants from daily temperature fluctuations. Furthermore, it has several other applications across the agriculture sector, including carriers for pesticides, herbicides, fertilizers & pelletizing seeds, greenhouse cultivation, landscaping applications, and small nurseries at home.

Moreover, unexpanded perlite is used throughout the world as a component of soilless growing mixes, where it provides aeration and optimum moisture retention for superior plant growth. Most studies have shown that outstanding yields are achieved with perlite hydroponic systems. In addition, unexpanded perlite is a good carrier for fertilizer, herbicides & pesticides, and pelletizing seeds. Horticultural perlite is used both by home gardeners as well as commercial growers. Over the years, horticulture has emerged as one of the potential agricultural enterprises in accelerating the economy's growth.

Geographical Penetration:

Asia Pacific is expected to dominate the global unexpanded perlite market in the year 2021

By geography, Asia Pacific is expected to dominate the global unexpanded perlite market in 2021, growing with a CAGR of xx% during the forecast period. The unexpanded perlite market in the Asia Pacific is expected to witness significant growth due to the increase owing to the rising prevalence of construction and industries activities in this region. In this region, developed countries like India and China have more investment in smart cities projects. India is estimated to plan 100 smart cities and 5151 projects. The aggregate amount of these projects is USD 27.33 billion. This will help attain significant gains to unexpanded perlite market size during the forecast timespan.

Competitive Landscape:

The key players operating in the global unexpanded perlite market are heavily investing in research and development activities to innovate novel products and expand their product portfolio. For instance, in December 2021, Dicalite management group, inc. Is a vertically integrated producer of industrial minerals. In North America, Dicalite is the largest miner of perlite, the largest miner of vermiculite, and a major producer of diatomaceous earth. It launched two new products under the Harvest hero brand, the two products are harvest hero perlite + silica and harvest hero hydroponic perlite, which is a brand of value-added soil amendments and growing media targeting the cannabis industry and overall horticultural market. In April 2019, Imerys S.A. is a French multinational company specializing in producing and processing industrial minerals. Cornerstone Industrial Minerals Corp's final acquisition is a producer of high-quality perlite in North America. This business, which comprises one mine and two processing plants located in Oregon and Florida (United States), has generated USD 12 million in 2019.

COVID-19 Impact

: Negative impact on the global unexpanded perlite market

The unexpanded perlite market was negatively affected due to the covid-19 pandemic, with disturbances such as supply chain scarcity and labor shortage surfacing. Market players enforced new work strategies to withstand the severity of the pandemic but still faced challenges in their business operations. Imerys S.A. is a French multinational company specializing in producing and processing industrial minerals. The company witnessed disruption in its industrial and commercial operations amid the pandemic. However, the unexpanded perlite market experienced decent growth towards 2021 due to increased activity in multiple end-use industries, after resuming of lockdowns. The unexpanded perlite market is projected to witness significant growth during the forecast period due to expansion in the construction, agriculture & horticulture sector.

Why Purchase the Report?

Understand the current market scenario and viability of global unexpanded perlite over the forecast period

Visualize the composition of the global unexpanded perlite market in terms of type and application to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global unexpanded perlite market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global unexpanded perlite market report would provide an access to approximately 53 market data tables, 43figures, and 180 pages

Target Audience:

Unexpanded Perlite Manufacturers

Agrochemicals Manufacturers

Construction Companies

Education & Research Institutes

Research Professionals